IL&FS completes the sale and transfer of SBHL to InvIT

Infrastructure Leasing and Financial Services Limited (IL&FS) has completed the sale and transfer process of Sikar Bikaner Highway Limited (SBHL) to Infrastructure Investment Trust (InvIT)-Roadstar Infra Invest­ment Trust at a cost of Rs 3,755 million. SBHL, an SPV, was incorporated for the implementation of the Sikar-Bikaner Two Laning Road Project (NH-89). The project involved two laning with paved shoulders of the Si­kar-Bikaner section of NH-89 from km 340.19 to km 557.77 via the Sikar Bypass and Bikaner Bypass, and from km 553.87 of NH-11 to km 267.32 of NH-89 in Rajasthan.

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